Rio Tinto’s Q2 iron ore shipments miss after May train derailment
The world's largest producer of iron ore shipped 80.3 million tons of the steel-making commodity in the quarter.
Northland Resources (TSX: NAU) sees about twice as much cash flowing into its coffers once Kaunisvaara, its flagship iron-ore project in Sweden, reaches production in 2013.
The projected boost in part stems from reconsideration of the price Northland’s iron-ore pellets might command. “Northland has long been convinced that the market will highly value the high Fe-content (69%) and low levels of impurities (e.g. 1.1% SiO2 and 0.2% Al2O3) in its concentrate,” the iron-ore junior noted in a press release.
